Mottek On Money (December 14th, 2019)

Mottek On Money
Saturday, December 14th
The U.S. and China announce a "phase one" trade deal which includes the U.S. dropping plans to impose new tariffs on $160B of Chinese imports beginning December 15th which would have likely boosted prices on consumer products including toys and smartphones. In return, among other things, the U.S. says China agreed to buy $40B a year in U.S. farm products over two years. Stocks hit record highs. Analysis from Art Hogan, Chief Market Strategist, National Securities. Reaction to the trade deal from Mario Cordero, Executive Director, Port of Long Beach. The largest cruise ship in the Carnival Cruise Line fleet is christened at its new home port in Long Beach. Carnival Corporation President/CEO Arnold Donald talks about the historic occasion and the economic impact for the area. The L.A.-area commercial real estate picture looks strong heading into 2020. Spencer Levy, CBRE, Chairman of Americas Research and Senior Economic Advisor, discusses the latest trends.